Is earthquake insurance expensive?

CEA rates are based on a number of factors. While CEA has lowered its statewide average homeowners rates over time by nearly 55 percent, it's important to note that, for example, construction costs in California have increased over 140 percent since 1996. The costs to repair and rebuild after an earthquake will be an expensive burden, but if you don't have earthquake insurance, all the cost to repair any damage will be your cost. Starting in 2016, CEA began offering more coverage and limit choices, more deductible options and more affordable rates—including a 10 percent average statewide rate reduction—to help residents find a policy that best meets their needs and budgets.